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Search Results 0 to 13 of about 14 (some duplicates have been removed)
>>> welcome back to the cnn newsroom. i'm prfredricka whitfield. president obama and mitt romney are making a final push. obama has florida, colorado and ohio on his schedule. this morning mitt romney was in des moines and just spoke in cleveland, ohio to supporters. later today he will be rallying in pennsylvania and virginia. we'll have all the action from the campaign trail. we have a team of reporters in the battleground states covering all the angles. meanwhile, team obama is making its final push for votes today. this hour he is expected in the battleground state of florida where he is expected to speak shortly in hollywood, florida. brianna keelel is already there. brianna, what is the message the president is expected to deliver there? >> reporter: this, fredricka, is going to be his closing message. he is going to be telling voters you may not agree with everything that i've done, you may be impatient with the pace of change, but stick with me, my economic policies are working and we're heading in the right direction. as mitt romney has tried to frame himself as the cand
obama with a three point lead. now that is inside the statistical margin of error. so that's about as close as it can get. and nbc "wall street journal" poll gives the president a six point lead in ohio. a little better for obama. still very close. now obama may be the top prize for the candidates right now l are other important battleground states. we'll take through over the course of the next hour in a way that only cnn can. john avalon and i traveled more than 1800 miles on cnn's battleground bus tour as the race for the white house reaches its conclusion. no mat wrer i ter where i go, t economy is the most important issue in this election. i've been traveling with john avalon. he joins me now as does my good friend christine romans. she joins me from washington. jim acosta from did he back to you, iowa, where mitt romney just landed. brianna keeler is in milwaukee, wisconsin, traveling with president obama. let's start here in ohio. the state has a very complex economy. here's some of what we've been hearing from voters on this trip. >> just a lot of depressed areas. a lot of
something that's trending on the web right now. it's this white house photo showing president obama and olympic gymnast mikala maroney looking not impressed. the president was having a little fun with maroney who had that same face when she finished the vault. that look went viral. i'll be back and show you how the twinkie is iconic in mexico. that's right, mexico. stay with cnn. "your money" starts right now. >>> this is the economic storm of our own making and it's threatening any chance of a sustained recovery. i'm ali velshi. this is "your money" and i'm going to show you the damage america could do to itself if washington allows us to go over the fiscal cliff. unemployment in the u.s. which has come down to to 20.9%, it could go up another 9%. according to a new research new york post poll, you clearly understand the danger of this fiscal cliff. 50% say it will have a major effect on the economy, 21% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy
. president obama says they're centering around increasing tax on the wealthy which will go a good way in increasing the revenue that he wants to raise in the next decade in an attempt to reduce the federal deficit. he wants to reinstate the bush tax cut which goes to the top 2% of earners. that would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second one would go from 36% to 39%. he's been focusing on this specific number since his reelection which suggests he may compromise on the actual rates in order to get a deal. there are other taxes as well he's talking about. taxes on investment gain would also go up. the capital gains tax would go from 15% to 20% and dividend taxes would go from 50% to the income tax rate. as i showed you, 39.6%. president obama argues this will hurt people with savings and dividend stocks, but the overall investment gains are enjoyed by the wealthy. this, again, would target that rich group that president obama is talking about. but that's not all. the president also wants to raise an additional $500 million by lim
important to our economic recovery than creating jobs. president obama says he'll add 12 million jobs over the next four years. but for his math to work, the pace of economic growth needs to pick up. with a crisis in europe and a slowdown in asia, an economic storm beyond our control stands ready to batter our shores. still, two years of consistent job growth prove we are heading in the right direction, but the fiscal cliff is one storm that will be of our own making unless washington acts. $7 trillion in across-the-board tax hikes and spending cuts over the next decade mandated to begin in january. it's the legislative equivalent of a slow motion train wreck that washington can avoid. the question? will congress and the president drive that train over a cliff? >> we won't solve the problem of our fiscal imbalance overnight. >> the elections are over. the threats to our economy are not. time to get to work. and there is lots of work to be done. it starts with averting this disaster of our own making. i repeat that. the fiscal cliff. we've got it covered from all angles as only cnn can. chr
. president obama's solution to all this is to make a deal centered around increasing taxes on the wealthy which will go a good part of the way to raising the $1.6 trillion in new revenue that he wants to raise over the next decade in his attempt to reduce the federal deficit. he wants to let the bush era tax cuts expire. if that happens, the top tax rate on income would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second top rate would go from 33% to 36%. now this is what president obama campaigned on. he's been vague about the specific numbers since his re-election which suggests that he may compromise on the actual rates in order to get a deal. there are other taxes as well that he's talking about. taxes on investment gains would also go up. the capital gains tax could go from 15% to 20% and dividend taxes would go from 15% to the income tax rate. as i showed you, 39.6%. mitt romney argue this is would hurt individuals with savings and who own dividend paying stocks. but investment gains are enjoyed by the wealthy. this, again, would target tha
was the economy, jobs, and fiscal responsibility. what we need to do, as i said, is that president obama needs to take a page out of president clinton's book. he needs to use the bully pulpit. we need a meaningful education campaign. we need to demonstrate on the far right and left. he wants a deal. i think boehner wants a deal. >> stephen boar, do you think president obama wants a deal that you'd be satisfied with? >> i don't know. i honestly don't know. i think if barack obama will move a little bit of to the middle, i think republicans are -- look, we all are americans first and foremost. we want to get these problems solved. >> let's say president obama moves to the middle but still says that the top 2% pay higher income taxes. >> the republicans will not go along with those higher tax rates. that's world war iii. if he's willing to say we can close loopholes and do other things but i just -- i think republicans honestly believe, and i agree with them on this, that raising the tax rates is going to hurt the economy more than it's going to bring down the deficit. you know you're the one who
will into this conversation. president obama, as you know, during the campaign promised and people say all sorts of things during campaigns he was going to create a million new manufacturing jobs. he also wants to tax the rate on manufacturers. he wants to lower the tax rate on manufacturers, provide incentives for companies that reshore or bring jobs back to the united states. and you say exactly the opposite of what scott just said. you say this is a policy that takes us back to the '50s. listen, everything -- president obama's list of things you just put up on the tv screen, that is the fly in the ointment. we have seen somewhat of a small manufacturing renaissance over the last decade. bravo. so why does manufacturing need special tax rates, incentives, tax subsidies, so forth? >> scott? >> there's a good answer for that. yes, it does deserve special treatment. first of all, there is no other sector of our economy that has a higher multiplier effect. when you create a job at a factory, you create spinoff jobs. the logistics, cash going to the economy creates jobs. the opposite is hardly ever true. sec
will into this conversation. will, listen carefully to this. president obama, as you know, during the campaign promised, and people said all sorts of things during campaigns, that he's going to create a million new manufacturing jobs at the end of his second term. he also wants to tax the rate on -- lower the tax rate on manufacturers, provide incent e incentives for companies that reshore or bring jobs back to the united states, and you say just the opposite of what scott just said. you say it's a policy that takes us back to the '50s. >> what you just put up on the screen, that's the fly in the ointment. we've seen a small renaissance in the last decade, and bravo. manufacturing needs special tax rates, incentives, tax subsidies, so forth. why does it need special treatment? >> scott? >> there is a good answer for that, and yes it does need special treatment. first of all, there is no sector in our economy that has a higher multiplier effect. when you create a job at a factory, you create spinoff jobs and logistics that the cash going to the economy creates jobs at the grocery store. the opposite is
Search Results 0 to 13 of about 14 (some duplicates have been removed)